NYSE:TMEEntertainment
Tencent Music Expands China Audio Ecosystem With Himalaya Deals, Valuation Questioned
Tencent Music Entertainment Group (NYSE:TME) has completed acquisitions of Himalaya and Ximalaya.
The deals bring leading podcast and long form audio platforms into Tencent Music's existing music and audio ecosystem in China.
The transactions expand Tencent Music's reach beyond music streaming into a broader online audio and spoken word offering.
Tencent Music runs a large online music and audio platform in China, with services that span music streaming, social entertainment, and other...